Vietnam Morning News For September 6

Foreign-owned Property Market in HCMC Non-existent
Unclear and overly-complicated procedures and regulations are resulting in a glut of unsold and/ or unoccupied high-end apartments and condominiums, and a dearth of property within the price range of average city workers.
— AEC News Today

Việt Nam ICT Summit 2017 this week
The seventh edition of the Việt Nam ICT Summit 2017 will take place in Hà Nội on Wednesday, organised by the Việt Nam Software and IT Services Association.
— Viet Nam News

New regulations on import and export
The Ministry of Finance has held a meeting to introduce changes in the list of Vietnam’s export and import goods as per Circular No 65/2017 / TT-BTC.
— VietnamPlus

Google announces fifth Launchpad Accelerator season
Google has announced the fifth season of its Launchpad Accelerator program, providing opportunities for Vietnamese startups to receive $50,000, products, and advertising support from Google.
— Vietnam Economic Times

Vietnamese manufacturers ‘forget’ food market for Muslims
Nguyen Phi Van, franchise advisor to the Malaysian government, met with 10 Vietnamese businesses before they attended a trade fair in Thailand in early August.
— VietnamNet Bridge

Binh Duong calls for investment in high-tech and green industries
Binh Duong Chairman Tran Thanh Liem has said that the southern province will call for further investment in high-tech and non-polluting industries in the time ahead.
— Nhan Dan Online

Vietnamese labourers join RoK guest worker festival
Hundreds of Vietnamese guest workers across the Republic of Korea (RoK) gathered on Saturday at a festival for foreign workers in Ansan city, Gyeonggi province, about 40km from Seoul.
— Viet Nam News

Vietnam’s seafood output hits 2.3 million tonnes in eight months
The ministry attributed the increases to the favourable weather conditions and localities’ support to fishermen.
— VietnamNet Bridge

Vietnam moves one step closer to majority stake sale in brewer Sabeco
Vietnam’s prime minister has approved a plan to sell a majority stake in brewer Sabeco, a government committee said in a document seen by Reuters on Tuesday, taking the state-controlled brewer one step closer to a long-awaited sale.
— Business Times

Cosmetics manufacturers face thorny path to develop organic products
A report on the cosmetics market released by Kantar Worldpanel shows that 80 percent of urbanites buy at least one beauty care product a year, with one-fourth of consumer spending on personal care items reserved for beauty care products.
— VietnamNet Bridge

Ho Chi Minh City’s economy on steady growth track
Ho Chi Minh City’s economy continued its steady growth in the first eight months this year, said the municipal authorities during a working session reviewing the city’s performance in the period on September 5.
— VietnamPlus

In Vietnam, giant home appliance chains elbow out small traders
Large home appliance retailers are expanding rapidly in Vietnam, pushing small traders to the verge of disappearing.
— VnExpress

Wind power projects may take to sky through FiT hike
The Ministry of Industry and Trade (MoIT) has proposed the government to increase the FiT of wind power from onshore wind power plants to 8.77 cent from the current 7.8 cent per kWh.
— VietnamNet Bridge

Vietnam planning to crank up Russian-subsidized nuclear study center by 2025
The $500 million project has been revealed less than a year after the country scrapped plans for two nuclear power plants due to economic reasons.
— VnExpress

Techcombank wants no foreign ownership
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has no foreign stakeholder following HSBC Bank plc’s divestment in July, and has requested shareholders to approve zero foreign ownership temporarily.
— VietnamPlus

Ha Noi and Osaka air route launched
The budget carrier Jetstar Pacific Airlines officially launched direct air routes linking Ha Noi, Da Nang City and Japan’s Osaka City last week.
— Bizhub

Criteo marketing technology helps K&K Fashion boost sales
Criteo, a commerce marketing service provider, has recently announced that its Dynamic Retargeting tool has helped K&K Fashion achieve a 43 per cent increase in click through rates (CTR) and a 66 per cent increase in conversion rates, resulting in a 121 per cent increase in sales transactions within a short timeframe of just six months.
— Vietnam Economic Times

Vietnam, Laos foster agriculture and forestry cooperation
An annual meeting on the Vietnam – Laos cooperation in agriculture and forestry was held in Hanoi, on September 5, under the chair of Vietnam’s Minister of Agriculture and Rural Development (MARD) Nguyen Xuan Cuong and Lao Ministry of Agriculture and Forestry Liane Thykeo.
— Nhan Dan Online

VN land use efficiency remains low
Land use efficiency in cities in Viet Nam remains low due to delayed projects, unused houses and improper land use planning, according to experts.
— Bizhub

Engineer recalls bitter story of pioneering Vietnamese carmaker
As hope that Vietnam would finally produce cars domestically was renewed after construction of a new car factory began last week, one of the first local engineers who attempted to realize the dream has recalled how he failed as a pioneer.
— Tuoi Tre

BMW bikes recall in VN
BMW has recalled all 79 of its Motorrad line R1200GS and R1200GS Adventure motorcycles sold through Euro Auto, BMW’s official distributor in Việt Nam, due to a faulty suspension system.
— Viet Nam News

Vietnam, Australia strengthen ties to tackle illegal fishing
Efforts to combat illegal fishing in the Asia Pacific Region have received a welcome shot in the arm through a new Memorandum of Understanding (MoU) signed by Australia and Vietnam.
— SeafoodSource

Vietnam, Cuba hold fourth political consultation in Hanoi
Deputy Foreign Minister Ha Kim Ngoc and Cuban First Deputy Minister of Foreign Affairs Marcelino Medina Gonzalez co-chaired the fourth political consultation at the Deputy Foreign Minister level in Hanoi on September 5.
— Nhan Dan Online

Hà Nội enjoys steady growth in all key sectors
Hà Nội’s economy has expanded since the beginning of this year with steady growth recorded in all key sectors of industry, trade, tourism and services and agriculture, reported the municipal People’s Committee.
— Viet Nam News

Feature photo ILO in Asia and the Pacific
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.